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Economics Edexcel
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The market system
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Table 1b: Weekly Demand and Supply for Clara's Artisanal Wool Scarves
Price (£)
Weekly Demand (units)
Weekly Supply (units)
40
200
900
35
400
800
30
600
600
25
900
400
Using an example from the data in Table 1b, explain what is meant by excess supply.
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